Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $29.27 in the prior trading day, Hormel Foods Corp (NYSE: HRL) closed at $29.18, down -0.31%. In other words, the price has decreased by -$0.31 from its previous closing price. On the day, 1.8 million shares were traded. HRL stock price reached its highest trading level at $29.66 during the session, while it also had its lowest trading level at $29.1294.
Ratios:
Our goal is to gain a better understanding of HRL by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.86. For the most recent quarter (mrq), Quick Ratio is recorded 1.19 and its Current Ratio is at 2.32. In the meantime, Its Debt-to-Equity ratio is 0.38 whereas as Long-Term Debt/Eq ratio is at 0.37.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Exane BNP Paribas on October 21, 2024, initiated with a Underperform rating and assigned the stock a target price of $28.
Citigroup Upgraded its Neutral to Buy on August 13, 2024, whereas the target price for the stock was revised from $33 to $37.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 06 ’24 when LYKKEN STEVEN J bought 4,904 shares for $32.47 per share. The transaction valued at 159,246 led to the insider holds 7,100 shares of the business.
LYKKEN STEVEN J sold 9,800 shares of HRL for $312,689 on Sep 27 ’24. The GROUP VICE PRESIDENT now owns 30,589 shares after completing the transaction at $31.91 per share. On Sep 27 ’24, another insider, LYKKEN STEVEN J, who serves as the Officer of the company, bought 9,800 shares for $31.91 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HRL now has a Market Capitalization of 16020199424 and an Enterprise Value of 19756959744. As of this moment, Hormel’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.89, and their Forward P/E ratio for the next fiscal year is 16.10. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.34 while its Price-to-Book (P/B) ratio in mrq is 2.00. Its current Enterprise Value per Revenue stands at 1.649 whereas that against EBITDA is 14.593.
Stock Price History:
The Beta on a monthly basis for HRL is 0.20, which has changed by 0.007226467 over the last 52 weeks, in comparison to a change of 0.20587826 over the same period for the S&P500. Over the past 52 weeks, HRL has reached a high of $36.86, while it has fallen to a 52-week low of $28.51. The 50-Day Moving Average of the stock is -6.53%, while the 200-Day Moving Average is calculated to be -8.29%.
Shares Statistics:
The stock has traded on average 2.68M shares per day over the past 3-months and 3377260 shares per day over the last 10 days, according to various share statistics. A total of 548.61M shares are outstanding, with a floating share count of 291.04M. Insiders hold about 46.99% of the company’s shares, while institutions hold 41.03% stake in the company. Shares short for HRL as of 1731628800 were 9331392 with a Short Ratio of 4.67, compared to 1728950400 on 7954979. Therefore, it implies a Short% of Shares Outstanding of 9331392 and a Short% of Float of 1.7000000000000002.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.46. The current Payout Ratio is 77.04% for HRL, which recently paid a dividend on 2025-01-13 with an ex-dividend date of 1736726400. Stock splits for the company last occurred on 2016-02-10 when the company split stock in a 2:1 ratio.
